We Miss You George Bailey: The Effect of Local Banking Conditions on the County-Level Timing of the Great Recession

2019 ◽  
Author(s):  
Maryann P. Feldman ◽  
Scott Langford
Keyword(s):  
Great Recession ◽  
County Level ◽  
The Great Recession

The Effects of Local Economic Conditions on Confidence in Key Institutions and Interpersonal Trust after the Great Recession

2013 ◽  
Vol 650 (1) ◽  
pp. 274-298 ◽  
Author(s):  
Lindsay A. Owens ◽  
Karen S. Cook
Keyword(s):  
Great Recession ◽  
Political Attitudes ◽  
Interpersonal Trust ◽  
Social Institutions ◽  
Organized Labor ◽  
Economic Conditions ◽  
County Level ◽  
The Great Recession ◽  
Data Source ◽  
Aggregate Effects

The effects of recessions on social and political attitudes are likely smaller than the effects on employment, income, and wealth, but relatively modest aggregate effects may be masking differences in attitudes between individuals who live in areas most and least affected by recessions. To investigate social and political attitudes in geographical context, we exploit a new data source that matches individuals to their county of residence to analyze whether changing economic conditions at the county level are associated with changing confidence in major social institutions and with changing levels of interpersonal trust. We find that individuals in particularly affected counties are more likely to decrease their support for organized labor and the federal government. County-level hardship does not appear to be associated with changes in interpersonal measures of trust, however, suggesting that two very different processes may be at play.

scholarly journals Do Credit Market Shocks Affect the Real Economy? Quasi-experimental Evidence from the Great Recession and “Normal” Economic Times

2020 ◽  
Vol 12 (1) ◽  
pp. 200-225 ◽  
Author(s):  
Michael Greenstone ◽  
Alexandre Mas ◽  
Hoai-Luu Nguyen
Keyword(s):  
Small Business ◽  
Great Recession ◽  
Bank Lending ◽  
County Level ◽  
Real Economy ◽  
The Great Recession ◽  
Market Shares ◽  
Business Loan ◽  
Quasi Experimental ◽  
Market Shocks

Using comprehensive data on bank lending and establishment-level outcomes from 1997–2010, this paper finds that small business lending is an unimportant determinant of small business and overall economic activity. A shift-share style research design is implemented to predict county-level lending shocks using variation in preexisting bank market shares and bank supply shifts. Counties with negative predicted lending shocks experienced declines in small business loan originations, indicating that it is costly to switch lenders. However, small business loan originations have an economically insignificant and generally statistically insignificant impact on both small firm and overall employment during the Great Recession and normal times. (JEL E32, E44, E52, G21, G32, L25)

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